Natural Gas – Monthly Analysis

Those who followed our October 17 call should be sitting on ~20% gains. Natural Gas has been on the move — now we need to determine whether this run is done or just a warm-up. In this Natural Gas analysis, we decode the latest candlestick patterns, align confirmations across multi-timeframe charts, and evaluate key EMA/MACD momentum signals to identify the highest-probability paths ahead. Whether you trade Henry Hub futures, UNG, or spot gas, this report outlines what the current setup implies for the coming weeks and where the confirmation and failure lines sit.
CANDLES

Natural Gas did a great job pleasing bulls on October 31. A Rising Three Methods on the 2M frame, a solid bullish candle closing above the 50-month MA, bullish continuation candles on the smaller frames, and a looming 50/200 DMA golden cross all point decisively to higher prices.
Short term: bullish
Mid term (weekly): bullish
Long term (monthly): bullish
Classical Pattern – Inverse Head & Shoulders


While it remains difficult to clearly confirm a break through the neck, Natty is undoubtedly moving in the right direction, following the Bullish Engulfing recorded in September.
ELLIOTT WAVES
Mid Term
As I discussed earlier, investors should be prepared for a 70–140% rally over the next few months/quarters. This hypothesis remains intact.


Last Wave



Most likely, Natural Gas is forming wave 3 of v.
SUMMARY:
Following a strong bullish close in September, Natural Gas extended its advance in October, recording multiple bullish technical and candlestick signals that further strengthen the bullish odds. Natty remains in firm uptrends on all frames up to the quarterly. While short-term fluctuations are normal, the mid- to long-term outlook remains firmly bullish until reversed.
Short term: bullish
Mid term: bullish
Long term: bullish
Happy Trading!